Miami

The Jacksonville-based REIT reports that Martin E. “Hap” Stein, Jr. will transition from chairman and CEO to executive chairman, effective Jan. 1, 2020. He has served as the company’s CEO for more than a quarter century.

The unit sale prices at the downtown condominium tower start at over $4 million.

Equus Capital Partners also announced on Thursday that an affiliate acquired a four-building office portfolio totaling 299,614 square-feet in Aurora and Denver, CO.

KKR and Banyan Street Capital are planning an additional $5 million in capital improvements that they state will address enhancements to the fitness center, retail concourse, outdoor plaza and tenant elevator landings and corridors.

The IRS will vacate more than 32,000 square feet in the third quarter of this year, which will lower the building's occupancy to 61.1% and create what Cushman & Wakefield terms as a tremendous value-add opportunity for Capstone.

Edenderry has acquired the six-story, 68,174-square-foot Bank of America office building at 1313 NW 36th St. for $7.7 million.

Before June 28th, investors were able to reduce tax liability on realized capital gains from 2018 by investing those profits into a qualified Opportunity Zone.

Cushman & Wakefield reported six recent lease deals at the 318,062-square-foot complex, developed by Butters Construction & Development in Broward County, which consists of three buildings (Six, Seven and Eight).